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Govett Em.Mark.Inv. (GEM)

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Friday 01 December, 2000

Govett Em.Mark.Inv.

Holding in Company

Govett Emerging Markets Inv Tst PLC
30 November 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

      GOVETT EMERGING MARKETS INVESTMENT TRUST PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

      DEUTSCHE BANK AG LONDON

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

       SHAREHOLDER IN 2

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

       NOT ADVISED

5)   Number of shares/amount of stock acquired.

       NOT ADVISED

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

       NOT ADVISED

8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY 10P

10)  Date of transaction

      NOT ADVISED

11)  Date company informed

      30.11.00

12)  Total holding following this notification

      1,952,201
               
              
13)  Total percentage holding of issued class following this notification

      5.46%

14)  Any additional information



15)  Name of contact and telephone number for queries

     ELEANOR CRANMER 020 7940 5742

16)  Name and signature of authorised company official responsible for 
     making this notification


     Date of Notification 30 NOVEMBER 2000



                                                                                
                                                                                
                                  

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